The fuel price should have been left as it is instead of the Tk 5 cut per litre, which is unlikely to have any visible impact, said Tawfiq-e-Elahi Chowdhury, energy adviser to the prime minister.
The government has reset the bus fare, reducing it by Tk 0.05 per kilometre.
Prime Minister’s Energy Adviser Tawfiq-e-Elahi Chowdhury today (August 31, 2022) said it would have been better to continue with the existing price of fuel instead of reducing it by Tk 5.
The government is considering a further fuel price cut to pass on to consumers the benefit of low fuel prices on the international market, said Finance Minister AMA Muhith yesterday.
Bangladesh Road Transport Authority (BRTA) wants to reduce passenger fare by 3 paisa per kilometre for long haul buses following the recent cuts in fuel prices, while bus owners want to reduce the fare by 2 paisa.